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Assume that Coastal Corporation (from Question 1 on the previous page) sold 3,000 shares of its Logan, Inc. stock for $25 per share on January
Assume that Coastal Corporation (from Question 1 on the previous page) sold 3,000 shares of its Logan, Inc. stock for $25 per share on January 15 of the following year.
Required: Prepare the journal entry to record the sale of these shares. (5 bonus points possible)
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